![]() The four main components of our vision include: Our slate will bring a new mentality to the Board on Day 1 by encouraging collegial debate and thoughtful discussions about a new path forward. Our slate’s presentation also outlines a strategic vision for helping build a better Blucora. Presiding over a misaligned executive compensation structure that enabled Chief Executive Officer Chris Walters to obtain more than $8 million in 2020 (including roughly $200,000 for commuting expenses) – far exceeding the vast majority of his peers despite staggering stockholder value destruction.Īllowing unacceptable spending and a culture of excess to persist – including by maintaining a corporate plane – while stockholders suffer significant losses.ĭemonstrating a complete disregard for corporate democracy by sending a stream of seemingly harassing letters to Ancora and its nominees and making a series of amendments to Blucora’s bylaws that appear deliberately designed to dissuade the Company’s owners from exercising their lawful rights to hold the Board accountable. Responsible for selecting inexperienced and underqualified c-level leaders, suggesting very poor succession planning. Mismanaging the Avantax business by failing to integrate it operationally or culturally and charging financial professionals unreasonable fees, resulting in significant advisor attrition. In our view, the Ancora slate’s presentation shows how the incumbent Board is:Īttempting to mislead stockholders by trying to convince them Blucora’s six-year-old, synergy-focused strategy and Chief Executive Officer who has sat on the Board since 2014 are “new.”įailing to recognize the apparent lack of synergies between Avantax and TaxAct when neither business has experienced material growth while operating under Blucora’s bloated holding company model. The presentation includes specific detail pertaining to the case for change atop Blucora. Please visit to download the Ancora slate’s presentation and obtain important information, including instructions for how to vote on the WHITE Proxy Card to elect our four-member slate. MacKinlay and Kimberly Smith Spacek.Īncora encourages Blucora’s stockholders and stakeholders to vote on the WHITE Proxy Card by signing, dating and returning each WHITE Proxy Card they receive. As a reminder, Ancora is seeking to reconstitute Blucora’s 10-member Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders on Apby removing four incumbent directors and electing four highly-qualified financial services industry experts: Frederick D. ![]() (NASDAQ: BCOR) (“Blucora” or the “Company”), today released a 73-page presentation that details the case for urgent change in Blucora’s boardroom and summarizes its director candidates’ value-enhancing vision. ![]() ![]() (together with its affiliates, “Ancora”), which collectively with the other participants in its solicitation beneficially owns approximately 3.4% of the outstanding common stock of Blucora, Inc. CLEVELAND-( BUSINESS WIRE)-Ancora Holdings, Inc. ![]()
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